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Aug 25, 2011 4:30am EDT
. apple stocks fell 7% in after-hours trading in response to the resignation of steve jobs. the man behind the ipod, the iphone, the ipad wrote in a letter that he can no longer meet the duties and expectations as the company's leader. jobs has been on indefinite medical leave since january, after years of battling pancreatic cancer and having a liver transplant. apple's chief operating officer tim cook replaces jobs as ceo. the company says jobs will remain an elected board member and will provide creative feedback. >>> a navy captain who lost his command for producing raunchy videos can stay in the navy. a board of inquiry unanimously ruled captain owen honors will not be dismissed. honors was the number two officer aboard the "uss enterprise" when he helped produce a series of videos featuring anti-gay slurs, sailors of both genders in shower scenes and vulgar language. it is unlikely he will return to "the enterprise." >>> the baltimore orioles organization is mourning the loss of one of their most reloved players. former pitcher mike flannigan was found dead outside his home yesterday
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